A recent NSE circular has disallowed sharing brokerage income for referrals to prevent trade inducement. Zerodha said it would pay out all referral wallet balances over Rs 10 and stop the referral program from August 25.
The Supreme Court and RBI mandated the insolvency process for Jaiprakash Associates Limited (JAL) due to notable debt defaults. ICICI Bank emphasized the protection of public funds, presenting JAL's dues of Rs 1269 crore. The National Company Law Tribunal, Allahabad admitted the insolvency case, dismissing JAL's repayment claim.
The Democratic National Convention 2024 is going on in full swing with some of the most notable leaders of the Democratic Party addressing the mega event ahead of the US polls 2024, that will see VP Kamala Harris fighting the elections on behalf of the party against a Republican opponent and former US President, Donald Trump. However, rows of empty seats seen at the DNC 2024 has become a point of serious concern for the Democrats, say reports.
Following years of delays brought on by cost overruns and technical issues with communication and exhaust systems, President Joe Biden successfully completed his first flight on the new VH-92A Marine One helicopter, marking a significant milestone in the replacement of the aging presidential fleet.
Midnight Family is a series created by Julio Rojas and Gibrán Portela, with Natalia Beristáin as the showrunner and director. The series is inspired by the acclaimed documentary of the same name.
India and Japan engaged in a new round of 2+2 dialogue in Delhi, focusing on expanding their special strategic partnership in light of increasing regional security challenges. Key discussions were held on defense cooperation and the significance of a free and open Indo-Pacific, led by S. Jaishankar, Rajnath Singh, Yoko Kamikawa, and Kihara Minoru.
The banking regulator earlier in the year said that branding partners for credit cards cannot access customer data or engage in any transaction after the card is initially issued. The RBI rule is focused on increased scrutiny especially on the partnerships between banks and fintechs firms.
Investors are now focusing on the minutes of the latest Fed policy meeting and Fed Chair Powell's upcoming address later this week, seeking clues on the U.S. rate cut trajectory.
Dark Winds is preparing for its eagerly awaited third season. Filming for this new chapter commenced in April 2024 and is currently underway. The New Mexico Film Office reports that production is taking place in Santa Fe and Tesuque Pueblo.
Last month, the company entered into definitive agreements for acquisition of 55 per cent stake of GG Tronics through a combination of purchase of equity shares from GGT promoters and by way of subscription to compulsorily Convertible Preference Shares for an aggregate consideration of Rs 319.38 crore.
The Supreme Court declined Byju's plea to halt the formation of a creditors' committee in its ongoing insolvency proceedings. Earlier, the top court paused NCLAT's decision which had dismissed insolvency proceedings against Byju's after finalizing a Rs 158.9 crore settlement with BCCI. The case is scheduled for another hearing on Thursday.
In the first round of admissions for the 2024-25 academic year, Delhi University admitted more than 46,000 students out of the 83,678 who accepted offers. Classes will begin on August 29. Around 27,613 students have sought to change their allotted preferences, while another 11,224 are still finalizing decisions.
This past week, National Public Data admitted on its website that there were potential leaks of certain data in April 2024 and summer 2024 following the previous year's data breach.
According to the founder of the troubled edtech firm, loss of control over the company’s accounts following SC staying NCLAT’s decision has stopped the founders from infusing more capital to pay the salaries. On August 14, the Supreme Court stayed the National Company Law Appellate Tribunal’s (NCLAT) order that approved the settlement deal between Think & Learn Pvt Ltd, the parent company of Byju's, and the Board of Control for Cricket in India (BCCI).
The British government provided GBP 13.5 million to support Tata Steel UK's decarbonisation, assisting affected workers and local businesses. Trade unions and industry are collaborating to ensure a green steel transition. Tata Steel UK is also planning a new Electric Arc Furnace by 2027, aiming to mitigate environmental issues.
Madhya Pradesh chief minister Mohan Yadav said that government grants to madrasas (Islamic seminaries) that force students to study or participate in religious practices contrary to their own beliefs will be halted. Additionally, such institutions may face legal actions, including potentially cancelling their recognition.
Heavy rainfall in Tripura over the last 48 hours resulted in seven fatalities and significant flooding. South Tripura and Gomati are the worst-hit areas. Relief operations are ongoing with 183 camps set up for displaced families, and various departments are cooperating in rescue missions. Additional rainfall is expected, and warnings are in place for several districts.
The IPO of Unimech is a combination of fresh equity issue of up to Rs 250 crore and an offer of sale (OFS) up to Rs 250 crore by promoter and promoter group selling shareholders.
The Supreme Court has approved the auction of Samrudhhi Realty's assets to recover around Rs 5000 crore in debt. However, any auction involving assets from Essel Finance Advisors and Managers LLP will be subject to the outcome of an ongoing appeal. Essel Finance had challenged a National Company Law Appellate Tribunal (NCLAT) decision that upheld the National Company Law Tribunal's (NCLT) order for Essel to cover part of the liquidation costs.
This benchmark helps assess a stock's current worth and predict future price movements.
The IPO is priced between Rs 195-206 per share, and at the upper end of that range, shares are already trading at a 27% premium in the grey market. If this momentum continues, investors can anticipate significant gains when the stock lists.
Kamala Harris has suffered some back-to-back blows just ahead of the Democratic National Convention 2024 as three poll surveys have revealed that the reigning VP is behind in the key swing state of Pennsylvania, as well as at the national level. Here's some more insights on these polls.
Haryana has asked for 225 more central forces companies to ensure peaceful elections on October 1, with 70 already approved. The state has over 2.03 crore voters. Key dates include September 5 for notification issuance and September 16 for final candidate withdrawal. Results will be declared on October 4.
The ICC relocated the Women's T20 World Cup from Bangladesh to the UAE owing to the unrest following former Prime Minister Sheikh Hasina's ouster in Dhaka. Initially scheduled for October 3-20 in Bangladesh, the event will now be staged in Dubai and Sharjah. ICC Chief Executive Geoff Allardice expressed his displeasure over the news.
